MassMutual launches $100 million fund to invest in diverse founders

Insurance company MassMutual announced Thursday the launch of a new impact investing MM Catalyst Fund of $100 million. The money will be used to continue investing in Massachusetts-based diverse-led companies. It’s close to finishing the deployment of its first MM Catalyst Fund of $50 million, which launched two years ago and has so far invested in 16 businesses throughout the state.
This second MM Catalyst fund will continue with the first fund’s mission of focusing on seed to Series B investments within Black-led startups as well as those from rural communities and other historically overloo

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